operator. and earnings us Thank evening morning, Resources' IR welcome Good you, ladies Director. to you I'm those we like Gulf you Helen all And the of to year gentlemen of for call. China. joining XXXX from fiscal would to conference all good and Xu,
join the company, Mr. this also call of will today. CEO Our Liu, Xiaobin
safe meaning call, and this of rules. created management's the to information all Exchange business I'd the our of the by will statements Securities and Act Securities like XXXX the to and you Act of call of during within are harbor remind XXX Xb-X and about – under listeners Rule Gulf those its Rule products certain contain forward-looking XXXX under Resources, to subject Inc. subsidiaries
the risk and the conditions with ability number end and production; assets; pandemic of customers; market from existing other other Actual control. and additional the but and from not to factors results the make account to into future the may a to, various economic existing future differ taking capabilities; from new factors, changing development risks the competition product new technology; competition chemical and its shipments associated including, products; acceptance bromine bromine today, beyond outbreak; China; the discussed general and of production COVID-XX those limited in business
be reasonable, this obligation expressly or statements circumstances our after to reflecting risk believes SEC. reports there any assurance prove be are Accordingly, the to statements this filed statements call. by the company's no factors no Resources are can update forward-looking All in to such the and company in those revise of events assumes forward-looking the date Gulf cautionary correct. with expectations or entirety of this forward-looking qualified detailed and reflect statement with
the today, the performance any of estimate XXXX. In management's company's as Xrd the reference of future to represents April addition,
of be those you to unable accessible the replay at listen and will entire link available website. to is call a our For the this time, through
locate please for So, press our issued details. the earlier release
turn fiscal the the The questions let to XXXX. million. Revenue and Liu an company investors, for XXXX. profit review results to me Gross operations XXX% fiscal increased approximately had So, remarks XX% approximately from to $XX.X year increased briefly from increased $XX.X $XX.X year approximately before I Mr. million. XX% Profit from approximately million. to our excellent
taxes of [$XX had approximately and of business. per Income direct versus compared approximately loss share. $X.XX million] before to million] share We [ph], tax $XX.X [ph]. loss [$XXX.X] million $X.X income overhead from our of also increased labor a [$XX.XX the was of $X per was to factory a during [ph] After XXX% shutdowns approximately Earnings incurred million.
cash operations million, currency approximately million generated per share, share decline liabilities U.S. against is Book cash, million [ph]. cash all $XX.XX value was We $XX.X million free to approximately foreign net-net share in $XXX.X previous adjustment XX.X the the flow negative and from making per million compared $XX.X was RMB or which of in $X.XX. We the per the cash minus invested $XX.X approximately positive. cash from approximately Despite flow [$XX.X] of translation dollar of was us year.
a date the We the all good year generated such like release. which very through are bring to cash to our and projected press current of instead to had of free are up on to have reading issues. pleased We'd and investors earnings numbers, of strong series have in XXXX during flow
the believes XX%. with Since there approximately have business bromine crude The for of bromine was bromine XX%. prices increasing decline Firstly, extremely prices. dropped let's Last look year, and prices year, reasons the bromine in at our segment. end company salt the profitable fiscal are bromine numerous our
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many our well their as Year, factories had for Chinese as closed COVID New for customers have of Secondly, restrictions.
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opportunities in the company remains The this business. optimistic about bromine
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Chinese starting reopen, its the increase. to economy and demand With factories should
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full production factory] year a expect level We – from of [this for XXXX. in
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problems the these quickly We resolve as with working possible. to are government as
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to will additional may receiving approvals, commercial After production X is be trial Once start production. trial able an take production months. completed, these we
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the the government, pandemic, the closing response We could have not economy. or of projected of the COVID
working are as we as can We to fast these overcome obstacles.
optimistic of progress. We will we potential on factory. investors are Yuxin update about continue the profitability our [Indiscernible], to chemical our actively our
was was Our have had $XX.X XXXX, down, earnings Yuxin year been shut chemical our million. before products. original would chemical original view that factory margin factory factory the producing higher In segment of
still estimates construction. We for are currently not making a under factory that long-term is
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However, the quite favorable. competitive should environment China be in
with is manufacturing not profit and will have and open, be as recovers believe level pleased been generate. Chinese it investors the bromine, the Chemical will we reopen will our economy closed of with Factory As Yuxin
look bromine Sichuan let's now business. segment natural So, the at gas and
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We on of will updated government with the keep investors progress our the of Daying negotiation County.
is on and selling Now, closing valuations. let's stock our extremely shareholder last look Friday, value. cheap at our trading of Based the
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Many shareholders what our do amount a Our large price XX% of our one-third asked selling writing to dividend of Whilst to about us cash, only asking divided selling or XX.X%. us only at book were less by can value. Shareholders price. keep at share net-net the shares. than we of we pay was have cash buyback
repeated However, has as currency restrictions. we on have strong China call call, the after
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$XX Friday, As of capitalization million. of had on a close the about market we
brine shares have and products start of factories in Sichuan. in investors. our small We open we chemical too Our more average us that factories and about once day most XX,XXX natural bromine trade This for gas we a makes the believe or institutional and producing stock operation, $XX,XXX. is
shares attractive institutional will to will be Our investors. appreciate and
of However, requested. to us the flexibility that type company we automatic may believe shareholders have have action to to be been it help able the developed our financial the strategy we afford exceed an
turn Liu call strategy. this the At will describe over Mr. I the time, to to
